>> yeah, i mean, well, the only good thing is there's no oil in gaza, egypt or israel really. steve is saying if it's a conflagration in the entire mideast, obviously we're not energy independent yet, trying to get there. i don't think it's going to get that far. i think they're testing the political waters here and seeing how we position ourselves. >> the other issue that keeps rising for the markets is what's happening in europe. we have seen today that cypress is on the verge of running out of money. we've seen it with greece and we think at least the market collectively seems to think things have improved to the point where we are giving this breathing room. the problem is there even if the european central bank bought some time. steve why has it sat on the backburner so long? >> all they do is buy time and for the first time since the 1930s, all of these countries, most of them are raising taxes in the face of a declining economy, which is insign. japanese are doing the same thing. you know it's happening in france, 75% tax rate piling on taxes on business, capital gains,